Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

South Asia: Regional Operations Business Plan (2014-2016)

Proposed South Asia operations for 2014-2016 will continue to focus on improving regional connectivity, boosting cross-border trade, and strengthening regional energy cooperation. Read More

Developing Asia Growth Outlook Steady As Industrial Economies Firm

An improving growth outlook in Japan and the United States paired with stronger-than-expected performance in the People’s Republic of China support a steady growth outlook for developing Asia, says a new ADB report. Read More

Overview

Like other developing island countries, the Maldives experiences specific problems like narrow economic base, overdependence on tourism, lack of employment opportunities, and uncertain political environment. The weak macroeconomic situation has resulted in large economic imbalances, both in the domestic economy and in terms of the balance of payments. Over the years, the public debt has accumulated to an unsustainable level, while the country’s accession to middle-income status will see a reduction in concessional aid going forward.

In 2011, ADB developed an interim country partnership strategy for the Maldives and moved to the next phase of assistance - the resumption of investment lending.

Fast Facts

0.33 (2012)
Population in millions

1.7% (2010-2012)
Annual population growth rate

15.0% (2010)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
12.30 / 7.77
Education (2)
 
30.30 / 19.13
Energy (4)
 
12.00 / 7.58
Finance (2)
 
13.07 / 8.25
Industry and Trade (2)
 
41.50 / 26.20
Public Sector (3)
 
31.03 / 19.59
Transport and ICT (5)
 
6.00 / 3.79
Water Supply (1)
 
12.18 / 7.69
Multisector (3)
 
158.38 / 100.00
TOTAL (22)
Cumulative as of 31 December 2012